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accidental death insurance

Life Insurance with Accidental Death: Is it a Good Deal?

There is a new version of this article (summer/fall 2018) about Accidental Death and Dismemberment Insurance that explains in detail this insurance. It also compares costs of Accidental Death Insurance to other insurance types. Canadians are constantly bombarded with life insurance offers. Although having adequate coverage is important, many of these offers are for specialized insurance or add ons that you don't really need. Sun Life, Industrial Alliance and BMO Insurance all offer ...
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have been prevented by seeking help. The public is becoming more aware of depression — especially since famous people have unfortunately succumbed to this ...
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Life Insurance for People with HIV or AIDS

Following 2011, there were an estimated 71,300 people in Canada living with HIV — up from 57,000 in 2005, according to Avert.org. Of these, around 25% were unaware of their infection. An estimated 3,175 new HIV infections occurred in Canada in 2011, which is roughly the same as the figure for 2008. There are options available Generally, those with HIV or AIDS get turned down for traditional life insurance off-hand, but there are guaranteed-issue and simplified-issue providers, which ...
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How Much Does Life Insurance Cost: Five Real-Life Scenarios

With so many insurance calculators out there, sometimes it's important to get real. There are all kinds of life insurance calculators on the Internet, but what does it all really mean when we ask you to click on one at the end of our articles? Is it all just an elaborate sales pitch? Truth is, we're trying to help you. There are so many variables and factors that go into determining how much you'll pay for life insurance that only specific real-life circumstances will suffice in ...
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The Top 5 Life Insurance Loopholes with Ellen Roseman

Ellen Roseman gives us the lowdown on five life insurance loopholes. Life insurance is a difficult concept to wrap one's head around. But even when you think you have more than a basic understanding, insurance contracts are embedded with many loopholes and restrictions that often trip up consumers. As the personal finance columnist for the Toronto Star, Ellen Roseman has written about every one of them, so we invited her to take us through them all and share her candid advice on how to ...
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Assumption Life’s No-Medical InstaTerm Policy

It's not an instant message, it's InstaTerm. Assumption life released its highly anticipated InstaTerm policy over the holiday season. Named 33rd of the top 101 companies to work for in Atlantic Canada, Assumption Life is already a leading carrier in the permanent no-medical life insurance market. It's trying to tap into the increasingly crowded no-medical term insurance market. On the other side of the spectrum, Humania Assurancehas already made a big splash with its ...
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How Depression Affects Life Insurance Applications

Canadian Living reports that 10% of the population suffer from depression at any given time and 15% will get hit with severe depression at some point in their lives. There are generally six different types of depression, which are defined in the following ways: Endogenous Depression - Depression that is caused by internal sources, such as worry, fear and stress. Situational Depression - Depression that's tied to particular situations, such as going to parties. Psychotic ...
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Disability Insurance for People Over 65

Disability insurance over 65. According to Sun Life Financial's Annual Unretirement Index, not only are Canadians working past age 65, but they're also doing it because they have to. The index shows that the number of Canadians who expect to retire by 66 has fallen by half between 2008 and 2012 from 51% to 27%. The number of people who expect to be working full-time at age 66 also rose by 10% to 26% between 2008 and 2012. Plus, 32% of respondents expect to be working part-time at 66. ...
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Manulife Financial’s Simplified-Issue Term 10 Policy

There are a number of simplified-issue policies to choose from. Which one works for you? Manulife Financial offers a simplified-issue term life insurance policy to applicants aged 18 to 70. The plan is CoverMe Easy Issue Life Insurance. It has no medical tests and two health questions. The premiums are guaranteed for the first ten policy years and the plan is renewable until age 85. Plus,face amounts can be $50,000 or $75,000. Unlike many other simplified-issue term policies, ...
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Equitable Life Simplified Whole Life Insurance

Ask your broker about Equitable Life's Final Protection. Equitable Life recently introduced a new simplified issue life insurance policy, which is called Final Protection. This whole life policy is non-participating, meaning it does not produce a dividend. It offers coverage face amounts from $5,000 to $50,000. Applicants can be aged 40 to 80. There are no medical tests and only a short series of health questions. Brokers can use Equitable Life's electronic application, so the policy ...
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